Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.015%
Price spread now: Bitget against Kraken Futures−0.040%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.040%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,325 | 0.0228 | pay 0.0029% / 1h | 41m 55s | $5.9M | $5.3M | 50x |
| Short | Bitget XAUTUSDT | 4,323.3 | −0.0004 | pay 0.0002% / 4h | 41m 55s | $25.5M | $16.8M | 75x |
Kraken Futures PF_XAUTUSD
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$48.78
- Price spread: −0.040% → −0.033%
- −$0.73
- Slippage, 4 orders
- −$7.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.61
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 2 min ago | 1.16 bp | 7.3 bp −$7 | 8.5 bp −$85 | 18.0 bp −$1,805 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.01 bp | 7.4 bp −$7 | 11.2 bp −$112 | doesn't fit | doesn't fit |
XAUT on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0229% | 1h | 4,321.9 | −0.073% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0004% | 4h | 4,323.3 | −0.040% | $25.5M | $16.8M | 75x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,325.3 | +0.006% | $131.6M | $8.6M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.573% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0048% | 4h | 4,321.2 | −0.089% | $32.9M | $3.4M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,322.4 | −0.061% | $10.1M | $2.1M | 25x | as long as short |
| MEXC XAUT_USDT | +0.0084% | 4h | 4,323.2 | −0.042% | $361.2M | $277.0M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0085% | 4h | 4,323 | −0.046% | $119.2M | $30.9M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,322.5 | −0.058% | $4.2M | $901K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,323.4 | −0.037% | $35.5M | $46.9M | 75x | as long as short |
Aftermath Perps XAUTUSD
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
SoDEX XAUT-USD
MEXC XAUT_USDT
Bybit XAUTUSDT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,324.9 | −0.003% | $11.7M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,323.2 | −0.042% | — | $18.8M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,320.6 | −0.103% | $722 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,322.9 | −0.049% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,324.1 | −0.023% | $1.8M | $353K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,328.4 | +0.078% | $3K | $3.1M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,319.6 | −0.125% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,322.3 | −0.064% | $267K | $214K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0228% | 1h | 4,325 | long leg | $5.9M | $5.3M | 50x | |
| BloFin XAUT-USDT | +0.0320% | 4h | 4,321.7 | −0.077% | $2.3M | $1.5M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT